PROHA BOARD OF DIRECTORS ACCEPTED THE PERSONNEL SHARE AND OPTION SUBSCRIPTIONS

PROHA PLC'S BOARD OF DIRECTORS ACCEPTED THE SHARE AND OPTION SUBSCRIPTIONS OF THE DIRECTED ISSUE TO THE PERSONNEL Proha Plc's Board of Directors has accepted the subscriptions of the share and option issue offered to the personnel. The share issue was oversubscribed almost fourfold. In the issue 107 subscriptions were accepted. 5657 shares and 56,570 options entitling to one share were issued. Proha Plc's Extraordinary General Meeting decided upon the directed issue and the issue of the option rights on December 7, 1999. The conditions of the issue have been published in the stock exchange bulletin on November 25, 1999. Proha Plc is a Finnish IT service enterprise. The key areas of Proha's operations are Project Management, Financial Management, and Internet Technologies. Proha has 200 employees. Proha Plc Pekka Pere CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 100 pekka.pere@proha.fi http://www.proha.fi DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/23/20000323BIT00560/bit0001.doc http://www.bit.se/bitonline/2000/03/23/20000323BIT00560/bit0002.pdf